Paris (AFP) - Cathay Pacific said Wednesday it had suspended flights over Iran and the Caspian Sea after an aviation safety body issued a warning about Russian missiles being fired at Syria, while some European airlines have also taken measures.
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Brian Belski: 3 Reasons Investors Should Pick Value Over Growth Strategies (BMO Capital Markets)
By George Liu:2011 was a year of turmoil for worldwide financial markets, with the near unraveling of the eurozone and the euro, continued signs of economic stagnation in the United States, and the wiping out of $6.3 trillion in global stock market capitalization, according to the Financial Times.
By Tom Lydon:
Worries over the economy and global debt levels have caused investors to rush to safe havens such as U.S. Treasury bonds amid the volatility in stocks. Yields on the 10-year Treasury note recently dipped below 2% even though Standard & Poor’s downgraded its triple-A rating on U.S. government bonds. Bond yields and prices move in opposite directions.
By MyPlanIQ:Investors is flocking to fixed income bond ETFs and mutual funds in the current market calamity. Long term treasuries (TLT, TLH) rose most (TLT rose 8% in the last four days), representing safe havens even after the debt ceiling fiasco. The following shows the current fixed income ETF trend ranking, as 8/3/2011.
By Tom Lydon:
Treasury exchange traded funds jumped Monday even though Standard & Poor’s downgraded its credit rating on U.S. government bonds. The S&P downgrade and lingering worries over Europe’s debt quagmire had investors running into the perceived safe havens of Treasuries and gold. The ratings cut had an immediate impact on market psychology, but the decision may not immediately change interest rates or investors’ desire for U.S. Treasury bonds and related exchange traded funds.
Erwan Mahe submits:Given today's title, so far removed from the usual macroeconomic, asset allocation or option strategy topics covered here, many of you must be thinking that the tension on financial markets has finally affected my mental stability. However, it may be that the Surrealism of the image's artist, René Magritte, describes perfectly the situation on markets today.